04:37 PM EDT, 06/05/2024 (MT Newswires) -- Couchbase ( BASE ) reported a fiscal Q1 non-GAAP net loss late Wednesday of $0.10 per share, narrowing from a loss of $0.27 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.15.

Total revenue for the quarter ended April 30 was $51.3 million, up from $41 million a year earlier.

Analysts surveyed by Capital IQ expected $48.6 million.

For fiscal Q2, the database company is projecting revenue in a range of $50.6 million to $51.4 million. Analysts expect $50.6 million.

For fiscal 2025, the company now expects revenue of $204.5 million to $208.5 million, compared with its previous guidance of

$203 million to $207 million. Analysts expect $205.9 million.

Shares of the company gained 2% in recent after-hours activity.

Price: 22.03, Change: +0.50, Percent Change: +2.32